New York crude oil cheaper than Brent crude oil
What you say is the futures, crude oil futures, short period refers to oil, crude oil futures, divided into the New York oil and Brent oil two.
New York oil from West Texas intermediate base crude oil (crude oil) as a benchmark, traded on the New York Mercantile Exchange. And Brant is the British oil Beihai in the vicinity of the Brant production of Brant crude oil. In general, the Dezhou crude oil and refined oil well, high cost, so in the futures price. New York oil than the Brant Oil 1 to 2 U.S. dollars, is also regarded as an important indicator of oil prices.
However, since the second half of 2010, Brent oil rises, but the New York oil remains in the doldrums, the trend of mutual divergence, to 2011 1 at the end of the unstable political situation in Egypt, the gap between the two is $10. The New York oil futures market questioned whether still can reflect the status of the oil market.
